A major fire, which broke out at Indian Oil Corporation's lube blending plant at Taloja in Navi Mumbai in the late hours of Monday night has been completely put out by 7.30 am, with no casualties or injuries.
Fitch Ratings outlook for Indian oil and gas is stable for 2011based on its expectation of no weakening of the ties between the government and its majority owned oil companies, which dominate the sector in the country.
IndianOil and LanzaTech recently signed a Memorandum of Understanding (MOU) for collaboration in a technology demonstration that will enable IndianOil to produce fuel grade ethanol. The MoU was signed in New Delhi by Sharat Meshram, executive direct
CRISIL has revised its rating outlook on the long-term bank facilities of MCC PTA India Corporation Pvt Ltd (MCC PTA) to "˜stable' from "˜negative', while reaffirming the rating at \'A-\'. The rating on the short-term facilities has been reaffi
Lanxess is continuing the expansion of its production site in Jhagadia in Gujarat. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tonnes per year. These facilities will start produ
United Phosphorus has informed BSE regarding allotment of equity shares of Rs 2 each upon conversion of Foreign Currency Convertible Bonds (FCCBs - II) for an amount not exceeding US$ 150 million. 1. Series A - US$ 70 million (Compulsorily convertib
Rhodia announces the acquisition of the new guar derivatives production unit belonging to the Suzhou HiPro Polymers company, based at Zhangjiagang in China (Jiangsu Province). This Chinese unit will complement Rhodia's existing global guar derivati
PetroChina, through its wholly-owned subsidiary PetroChina International Company Limited, has entered into a framework agreement with Ineos to form a partnership in new trading and refining joint ventures related to the refining operations in Grangem
Fitch Ratings says that the credit profiles of Indian chemical manufacturers registered under the Clean Development Mechanism (CDM) could come under stress, in the event of a reduction of the benefits awarded through Certified Emission Reductions (CE
Saudi International Petrochemical Company (Sipchem) announced that it has awarded the engineering, design and construction (LSTK) contract for its ethyl acetate plant to Korean company eTEC. The plant will produce ethyl acetate and butyl acetate with
FMC Wyoming Corporation announced today that it will restart its Granger production facility by July 1, 2011, in response to strong export demand for soda ash.
CRISIL has assigned "˜P4+' to the letter of credit facility of Rotomac Polymers Pvt Ltd (RPPL), which is a part of the Rotomac group. The rating reflects Rotomac group exposure to significant debtor risk, with unstable customer and product profile
Vishnu Chemicals has appointed Lee A. Iwan as commercial manager for North and Latin America. Iwan will be responsible for coordinating all business development, sales and marketing activities for Vishnu Chemicals in North America and Latin America.
CRISIL Equities has assigned a CRISIL IER fundamental grade of 4/5 to Time Technoplast Ltd (Time). The grade indicates that the company's fundamentals are \'superior\' relative to other listed equity securities in India. CRISIL Equities has assigne
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